If you think you’ve mastered the material in this chapter, take our quiz. After you click the ”submit” button, the answers will appear below.

  1. True or false: Permanent insurance plans are designed with a tax-deferred savings component rolled into the coverage.

    False.
    True.
  2. True or false. Annuities are FDIC-insured.

    True.
    False.
  3. What is a bank loan fund?

    A fixed-income investment that guarantees the return of principal.
    Funds consisting of short-term loans made by financial institutions to companies.
    Funds consisting of long-term loans made by financial institutions to companies.